Govt forms panel to suggest ways to boost production, exports of handlooms thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
In China, homegrown stores like Taobao, Tmall and JD.com have an unshakable dominance in online retail. But now, the only other billion-people-plus opportunity open to American capital is also slipping away from its grasp.
By Andy Mukherjee The investing world is enthralled by a determined Beijing as it cuts China’s private sector down to size by relentless regulatory action. That’s good news for New Delhi: Its more subtle maneuvers in.
Even as Amazon.com Inc. and Walmart Inc.’s Flipkart, weigh draft e-commerce rules that seek to restrict online marketplaces not just theirs, but also the planned super-app by India’s Tata Group a new existential threat lurks around the corner: a state-sponsored open network for digital commerce. Commerce Minister Piyush Goyal has set up a committee to “democratize digital commerce” and “provide alternatives to proprietary e-commerce sites,” according to a ministry press release.